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Guideline value, street

Guideline Value for Kovalam Street G.r.t To Pallavan Silai (Kovalam Salai(West Part)3800 Mtr Highway)

₹1100/sq.ft.effective 1 July 2024

Chengalpattu zone Mamallapuram village Thirukazhukundram SRO Mixed Type - Iii

The guideline value for Kovalam Street G.r.t To Pallavan Silai (kovalam Salai(west Part)3800 Mtr Highway) in Mamallapuram village (Thirukazhukundram SRO, Chengalpattu zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Type - Iii. Source: TNReginet guideline value register.

Last updated:

History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 8/45, Kammala Street, Thirukazhukundram - 603 109
044-27447200
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Kovalam Street G.r.t To Pallavan Silai (kovalam Salai(west Part)3800 Mtr Highway)

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Kovalam Street G.R.T to Pallavan Silai (Kovalam Salai(West part)3800 Mtr Highway) guideline value

The current guideline value for Kovalam Street G.R.T to Pallavan Silai (Kovalam Salai(West part)3800 Mtr Highway) is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Mamallapuram village and falls under the Thirukazhukundram SRO. The land classification for this area is Mixed Type - III.

How the guideline value of Kovalam Street G.R.T to Pallavan Silai (Kovalam Salai(West part)3800 Mtr Highway) has changed

Over the years, the guideline value for Kovalam Street G.R.T to Pallavan Silai has undergone several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft. This was followed by the 2017 revision, where the value decreased to Rs 670 per sq.ft, marking a decline of 33%. However, the value increased significantly to Rs 1,000 per sq.ft in the 2023 revision, and further rose to Rs 1,100 per sq.ft in the 2024 revision, reflecting a 10% increase.

From 2017 to 2023, there was a substantial increase of 49%. Overall, from the 2012 revision to the current 2024 figure, there has been a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Mamallapuram

In Mamallapuram, there are 133 streets under the Thirukazhukundram SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 1,650 per sq.ft, with a median value of Rs 935 per sq.ft. The guideline value for Kovalam Street G.R.T to Pallavan Silai is above this median.

Stamp duty and registration fee for property in Kovalam Street G.R.T to Pallavan Silai (Kovalam Salai(West part)3800 Mtr Highway)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, resulting in a total of Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kovalam Street G.R.T to Pallavan Silai (Kovalam Salai(West part)3800 Mtr Highway)?

The Sub Registrar Office that covers Kovalam Street G.R.T to Pallavan Silai is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Mamallapuram

The guideline value is a crucial factor during the registration of property in Mamallapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, ensuring compliance with the regulations set by the registration department.

Frequently asked questions

What is the current guideline value for Kovalam Street G.R.T to Pallavan Silai?

The current guideline value for Kovalam Street G.R.T to Pallavan Silai is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for this area?

The land classification for Kovalam Street G.R.T to Pallavan Silai is Mixed Type - III.

What are the other streets in Mamallapuram with their guideline values?

Other streets in Mamallapuram include Kovalam Road 2nd Cross Street at Rs 1,210 per sq.ft, Kovalam Street Pallavan Silai to Govt.Hospital at Rs 1,100 per sq.ft, and several others with varying guideline values.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000.